Job Growth Slowing Apartment Market?

The U.S. apartment sector posted its smallest vacancy decline in nearly two years, raising the possibility that the strongest commercial real estate category may be succumbing to the sluggish economy, according to real estate research firm Reis Inc.

For nearly two years apartment landlords have been able to boost rents and fill their buildings as Americans, either burned by the housing bust or unable to get a mortgage, turned to renting instead of owning a home.

But rent growth ultimately depends upon significant job growth and rising incomes, and during the third quarter neither have come through.

Welcome to SCREnews.com

Welcome to the South Carolina Real Estate News website. Every day, newspapers and periodicals publish articles that are of value to real estate professionals - for nine years now, we have provided a simple place to access this news. Over 500,000 visitors have found it a good source of information. Additional statistical data and property value trends will be presented from various sources. My appraisal firm, Integra Realty Resources - Columbia provides commercial appraisals in Columbia, Greenville, Charleston, Myrtle Beach, Aiken, Florence and other areas of the Carolinas.